A person who spends 66 2/3 % of his income is able to save ₹ 1,200 per month. His monthly expenses (in ₹) are

Asked in BPSC Prelims Exam 63rd · Topic: National Income & Gross Domestic Product (Savings, Investment, and their Relationship with National Income)

1. 2,400
2. 3,000
3. 2,000
4. 3,600

More Economic Development questions

• Statement I: There has been a sharp decline in savings rate in Indian economy between 2007-2008 to 2015-2016. Statement II: There has been a fall in household and public savings.
• In the year 2012-13, the Gross Domestic Saving Rate was
• Multipliers will be lower with which one of the following?
• In a closed economy with no taxes, if the marginal propensity to consume is always 0.90, then the value of the multiplier will be
• If all the people of the economy increase the proportion of income they save, the total value of savings in the economy will either decrease or remain unchanged. This phenomenon is known as :
• The largest contributor to the gross domestic savings of India is
• In the decade 2001-2010, the highest rate of gross domestic savings was achieved in the year
• The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

All 3,293 Economic Development questions →